The Definition of Group Term Life?

Answer A group term life insurance plan provides coverage to a group of people. Employee workforces, labor unions and organizations are just a few types of groups that can be covered by this type of plan.... Read More »

Top Q&A For: The Definition of Group Term Life

What is group term life?

Life insurance is a type of policy or contract that provides a death benefit to a person's beneficiaries after her death. There are many different types of life insurance available, including group... Read More »

What is group term life insurance?

One of the most common benefits that an employer offers is called "group term life insurance." These plans not only cost less because of the group discount, but usually provided for free from an em... Read More »

What is the definition of term life insurance?

Term life insurance is coverage for a specific length of time. The person purchasing the insurance decides the length of the term, along with the monetary amount of the coverage.PurposeThe number o... Read More »

Term Life Insurance Face Value Definition?

Term-life insurance is life insurance that strictly provides protection without the accumulation of any cash value over time. An attractive feature of term insurance is that it is usually the cheap... Read More »